# The book, coin by coin Prices and market caps pulled 18–22 Aug 2026. Entries are the earliest date he is on record holding or calling; where no buy could be established it says "first mention". --- ## UTYA — TON — his largest position **Contract:** `EQBaCgUwOoc6gHCNln_oJzb0mVs79YG7wYoavh-o1ItaneLA` **Disclosed size:** $600K (23 May 2026) — 44% of the disclosed book **Entry:** positioned by 13 May 2026 **Target:** $3–10B, derived from his GRAM thesis — *"$20 per $GRAM puts it around 80B market cap, which puts us at 3B-10B for the top meme"*. Utya is that top meme. ~105–350x. ### The thesis Three legs, and they stack. **Distribution.** Durov, 21 July 2026: a native non-custodial Gram wallet in every Telegram app, zero-fee transactions for a billion users. That is the largest crypto onboarding event ever attempted, and it lands on the chain Utya lives on. **Ubiquity.** Utya is Telegram's own duck mascot — the most-used sticker on a platform of >1B users. His argument [19:07]: > *"you got number one sticker on telegram, most used sticker on the entire app… when you send a video from your camera roll and you press send, the duck is there loading your video. It is everywhere."* Plus Durov on stage saying the future of Telegram is tokenising stickers [19:40]. **Restraint.** He deliberately will not name the ticker [20:00]: > *"I haven't been able to talk about this really… trying to avoid bad speculation, avoid bad people just trying to take advantage, flip and dump on a call."* He also rates the TON team's support of projects highly [18:38], contrasting it favourably with Base's treatment of Brett. ### What qualifies it - **IP:** none. Drawn by **Egor Zhgun** for Telegram, released 4 Sept 2019. No licence, no trademark, and the token's site carries no disclaimer of affiliation either. Telegram is now monetising its own mascot art via Collectible Gifts — commercial intent demonstrated. - **Chain beta:** UTYA trades at ~3.0x beta to TON. From the 1 Jun 2026 low: TON +5.9%, UTYA −38.9%. It will not base until TON does. - **Russia:** Telegram's Russian audience fell 96.0M → 75.7M (Jan→Jun 2026, Mediascope) and MAX overtook it on monthly reach in May. But Russia is only **~7–8%** of Telegram's >1B users — India alone is ~150M. This is real and it is not a thesis-breaker. A common error is treating it as one. --- ## TROLL — Solana — the only real IP **Contract:** `5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2` **Disclosed size:** $450K — 33% of the book **Entry:** held by 10 May 2026; publicly marked *"the legendary 69M entry"* on 28 May **Target:** *"Troll will hit 10B+. Not a matter of if, just time"* · *"before the real run to 69B"* · *"the ONLY memecoin on Solana above 1B"* ### The thesis > [67:25] *"the king play is IP on a top tier meme of Salana. That's why Troll['s] fucking gonna go crazy. Troll is gonna be like a Pepe rerun but on Salana."* His IP framework's cleanest application, and the only position where it is literally true. **The licence is real.** Carlos Ramirez ("Whynne"), who drew Trollface in 2008, granted Troll Network Limited an **exclusive worldwide licence in the crypto/memecoin space** on 29 Aug 2025 — six figures paid in SOL by ~10 TROLL whales, plus 11% royalty on merch, papered by attorney Ariel Givner. One carve-out for a coin Ramirez had already earned royalties from. **But note what the licence is actually for.** Ramirez said he had no intention of pressing copyright claims against anyone. The deal was done because the community lead expected **exchanges to require IP clearance for listing**. That is a better argument than the one Crash makes on the tape — but see `ip-and-copyright.md`, because no exchange publishes such a requirement. **Open question nobody has reported:** copyright registration **VA0002259008** (14 Jul 2021) lists **Momo Entertainment LLC** (Beijing) as claimant of Trollface "by written agreement". If that transfer was full and never reverted, Ramirez may not have held the rights he licensed in 2025. No recorded assignment instrument exists in the public record, so the scope is unknown. It is a genuine cloud on title. --- ## WOJAK — Ethereum — the concentration bet **Contract:** `0x8De39B057CC6522230AB19C0205080a8663331Ef` (post-migration; the old one is `0x5026F006B85729a8b14553FAE6af249aD16c9aaB`) **Disclosed size:** $300K — smallest of the three, which contradicts the tape **Entry:** 4 May 2026, at *"sub 30M MC"* **Target:** *"destined to reach 10B+"* · *"reach deep into the tens of billions as SHIB did"* ### The thesis **Follow the Pepe money.** He bought after seeing who was already there [46:31]: > *"before I ever bought, what I saw — I saw Pepe whales and Pepe people in, and I saw MAGA people in."* > [46:45] *"I don't like the MAGA community that much… and I don't like the Pepe developer, but I don't give a shit, because that's good diversity."* Specifics: the 6th-largest holder is DMT, once the largest Pepe holder. The Pepe dev (@degenharambe) follows this Wojak and not the Solana one. **The migration inherited the listings** [38:00]. The original ETH Wojak peaked ~$150M with a thick LP; it migrated to a new contract and the new one auto-inherited the old exchange listings. Documented: Bitget processed the swap Feb 2026 (ratio 1:958, not the 1:1 he describes); Gate's original listing carried over; **Binance.US listed it 18 Jun 2026 as `1MWOJAK`**. 27.27% of supply burned. **ETH beats Solana when nobody has IP** [63:40] — concentration of liquidity, fewer launches, less dilution. He is explicit that Wojak has no IP and that this is precisely why it belongs on Ethereum. ### The contradiction worth holding On 3 May he says Wojak-on-ETH is where *"I'm gonna concentrate the most of my capital"* [47:53], and that he will only *"put a grand in"* the Solana one [47:37]. Twenty days later it is disclosed as his **smallest** of the three. Either he rotated, or the emphasis was rhetoric. Both readings are available. ### Trademark race Three parties have filed US word marks for WOJAK, all pending, none registered: ALPHA Vault International (Panama, 44(d) EU priority, five classes) · FeelsGuy LLC (Delaware, counsel **Ariel Givner** — the same lawyer who papered the Trollface deal, acting for a competitor) · **Wojak CTO LLC** (filed 12 May 2026, nine days after the Space, first use claimed 17 Apr 2023). Odds any of them registers: low. See `ip-and-copyright.md`. --- ## BOBO — Solana — the authorship position **Contract:** `4nV5gNwwP68zUDat26ySChREqVaQaLudfJBkSgEzpump` **Disclosed size:** **~2% of supply** [36:07] — the only hard percentage on the whole tape **Not included** in the $1.35M three-way split. ### The thesis > [65:37] *"on Salana, if you have IP rights, that makes a massive advantage because no one else can PVP you anymore. **And like Bobo, no one can PVP that.**"* > [66:20] *"You don't have the IP. So you have no fucking case to compete against Bobo, on whatever chain it is."* **What's actually true:** Bobo is a 4chan /biz/ creation, name settled 17 June 2018, drawn in the style of Apu Apustaja. **Not** a Matt Furie character — Boy's Club is Andy, Brett, Landwolf and Pepe. But **@rekt_tekashi is both the OG Bobo artist and the founder who launched $BOBO.** The coin's dev is the character's principal artist. That is real, and it is much stronger than "unlicensed fan token" — but it is *authorship and community consensus*, not a registered right. No copyright, no trademark. The formalisation to date is a GIPHY verified brand (Apr 2025). **Chain migration confirmed:** ETH → Solana at 69,000:1, completed ~9 May 2026 (CoinEx, XT, MEXC all processed it). Six days after the Space, where he said [67:51] *"bobo on Salana soon. I still need to migrate though, I've been procrastinating that."* The "Bobo moved to Tezos" line at [65:59] is a **hypothetical with a false start** — verified by re-transcribing the audio. No BOBO exists on Tezos. ### Current state −70.7% off its post-migration ATH, $24k of daily volume against a $303k pool. Best story in the basket, worst tape. --- ## CUPSEY — Solana **Contract:** `6NwarBvDkXhByqVp2Qkq5i9XbtA2B3Bwe8SWGu9vpump` **Entry:** 25 July 2026 — @brozinkerbell posts *"Up see"* at 01:09:51 UTC **Public call:** 5 Aug at ~$14.36M — *"hundreds of millions as its worst case. Billion base case"* · *"200x+"* pump.fun's mascot / a pseudonymous trader's persona. No copyrightable work, no registration, at least two competing CUPSEY tokens. Exactly the "20 different ones fighting" failure mode his own framework warns about — which he does not address. **He was already +64% before the public call.** Followers who bought the announcement were −15%. --- ## CHONKETHA — Solana **Contract:** `HcfnJxLov6tY8i1dq9uYRRZKCvxADPpovcfkyXzdpump` **Entry:** 1–2 Aug 2026 **Target:** *"the first beaver to ever hit a billion"* — framed as an example, not a hard call A viral beaver photo, uncredited. chonketha.com names no photographer, no team, no licence. **The timestamps are worth knowing.** His beaver post landed 1 Aug 19:53:16 UTC — but the volume spike ran in the candle *before* it ($201k, 7.1× prior, +28%). His *"What the fuck is a chonketha"* reply came at 21:59:46, **two hours after his own post**. And the acrostic dropped ~3h after the $12.05M intraday high. There is a reading where he is early because he is good, and one where he is early because he is already in. Both fit. --- ## LAYOOO — Solana **Contract:** `9sfCHMLWSVy6MD6zr7pR1gD3qbT7C6K1E3dMf2ZBpump` **Entry signal:** @brozinkerbell profile-picture change, ~17 Aug 2026. **Never named in text.** **Target:** none. He has said nothing about it. Token launched 9 Aug 2026. The community decoded the pfp within hours. This is the purest example of his signalling method — *"I try to lead you guys into the wins SUBTLY."* --- ## JOTCHUA — Solana **Contract:** `BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump` (created 7 Jun 2026) **Signal:** @brozinkerbell, 20 Aug 2026 01:28:20 UTC, at ~$1M The operating manual in his own words: > *"I can't post this $Jotchua at 1M on main account because 1. People will then expect me to bull post and they will call it a 'crash coin' 2. I will be held socially responsible… 3. It will push the price higher and nobody would actually get the chance to enter at 1M-1.5M market cap / **U see**"* Same "U see" tell as the July Cupsey signal. It ran ~3.4x within 26 hours of that post. ⚠️ **Six copycat Jotchua contracts launched 19–20 Aug** showing phantom $1.2–3.85B market caps on $1,000–2,100 of volume. Only the CA above has real flow. The swarm arrives the moment he posts. --- ## BRETT — Base — the legacy position **Contract:** `0x532f27101965dd16442E59d40670FaF5eBB142E4` **Entry:** 2024 legacy — his $15K → $15M trade. Re-called 1 May 2026. **Target:** *"5B+ market cap is a low ass target for a top meme on Base… a modest 70x+ potential from 70M"* A Matt Furie *Boy's Club* character. No licence — CoinGecko's own listing says the project "is a fan tribute and is not officially affiliated with the original creator". His argument for it is chain concentration, not IP, and he says so [63:51]: > *"there's a bigger reason why Brett on base has such a big advantage — because in a sea full of chains with a bunch of Bretts that don't have IP rights."* He also lost **−$740k** longing Brett in June 2025. --- ## The macro leg — not memes, and the calls that worked **MONERO** — called 2 Jun 2026: *"Monero will flip Bitcoin i believe… Stamping this 1 in 100,000."* Target $3,000, *"xmr flips btc within 5-15 years"*. Was +21.8% as of 18 Aug. Working. **TON / GRAM** — called 3 May 2026: *"I already know TON will be the chain to go on a big explosive run like Base."* Target $20/GRAM ≈ $80B. **Bearish BTC** (*"Btc 40k"*, *"could go to $3k and I don't think most of us would even care"*) and **bearish Zcash** (*"first gay trade of the year"*, 2 Jun) — the Zcash call is working.